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Property profile & analytics
FOR LEASE
Retail space

154 S Madison St Spokane, WA 99201

8,500 SF 0.16 ac lot Built 1910
Entity Owned 19-yr Hold ~ Est. High Equity
Property ID
US90-0264700
Property summary
AI-generated overview

The Luminaria Building presents a unique opportunity to acquire an established and fully operational brewery and bar. This turnkey operation includes a substantial 4,700 square foot space in Spokane County, ideally suited for continued success in the vibrant hospitality sector. The sale includes all furniture, fixtures, and equipment (FF&E), significantly reducing the burden of startup costs for the new owner. A key highlight is the inclusion of the Seven Barrell Brew House keg cooler and kegs, ready for immediate use. The property features a welcoming courtyard patio, expanding the seating and entertainment options. The current lease agreement extends through January 31st, 2030, providing a clear path for immediate revenue generation and long-term planning. This multiple-tenancy building offers a prime location within Spokane County, providing excellent visibility and accessibility for patrons. The property is currently configured as a restaurant and bar, with all necessary equipment and furnishings in place, making it an exceptionally attractive investment for experienced restaurateurs or entrepreneurs seeking a ready-to-operate business. This is a rare opportunity to acquire a thriving establishment with significant existing infrastructure and a proven track record. One space is currently available within the building. Contact us for detailed lease terms and further information.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1910
Total area 8,500 SF
Lot 0.16 ac (6,956 SF)
APN 35192.1719
UPID US90-0264700
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Houdini Interactive Marketing & Advertising
  • The Steel Barrel Taproom Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$899k
Blend (final) Blend
$745k
Owner & transaction history
Luminaria LLC · 19 yrs held
Luminaria LLC
since 2007
6 recorded transactions
2016
Price N/A
2007
$363,000
2002
$288,759
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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